La-Z-Boy CEO Melinda Whittington Buys Company Shares
CEO Melinda Whittington purchased 7,364 shares of La-Z-Boy at $33.15 each.
Key Points
- Melinda Whittington, CEO of La-Z-Boy, bought 7,364 shares at $33.15 each on June 23, 2026.
- La-Z-Boy shares traded at $40.30 on Thursday with a market cap of $1.64 billion and a P/E ratio of 19.83.
- BlackRock and Dimensional Fund Advisors increased their holdings, while Franklin Resources reduced its stake.
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Melinda Whittington, President and CEO of La-Z-Boy Incorporated, purchased 7,364 shares of the company on June 23, 2026. The shares were bought at an average price of $33.15 each, amounting to a total value of $244,116.60. This transaction was not part of a pre-arranged trading plan.
Other Institutional Activity in La-Z-Boy
Institutional investors have been active in La-Z-Boy Incorporated recently. BlackRock, Inc. added 39,348 shares to its holdings, which now total 6,421,949 shares valued at approximately $206.4 million, marking a 0.6% increase. Dimensional Fund Advisors LP also increased its position by 38,870 shares, ending with 2,694,255 shares worth about $86.6 million, a 1.5% rise. Meanwhile, Franklin Resources Inc. reduced its stake by 180,323 shares, leaving it with 1,671,550 shares valued at $53.7 million, representing a 9.7% decrease. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with holdings of 2,739,563 and 1,832,607 shares, respectively.
La-Z-Boy Incorporated Stock Up 28.5%
Shares of NYSE:LZB were trading around $40.30 on Thursday. La-Z-Boy has a market capitalization of approximately $1.64 billion and a P/E ratio of 19.83. Its stock has ranged between $29.03 and $44.90 over the past year. The company has a 50-day moving average of $35.81 and a 200-day moving average of $35.46. La-Z-Boy maintains a current ratio of 1.66 and a quick ratio of 0.99, with a debt-to-equity ratio of 53.88.
$LZB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
La-Z-Boy reported revenues of $2.13 billion, reflecting a growth rate of 3.8%. The company achieved an earnings per share (EPS) of $2.00, with a net margin of 3.93% and a return on equity (ROE) of 8.09%. La-Z-Boy is scheduled to announce its next earnings report on August 18, 2026.
Dividend
La-Z-Boy offers an annual dividend rate of $0.97, yielding 2.76%. The company's dividend payout ratio stands at 45.1%.
Insider Buying and Selling at La-Z-Boy Incorporated
On June 23, 2026, Melinda Whittington, President and CEO of La-Z-Boy, bought 7,364 shares at a price of $33.15 per share. This purchase was not under a Rule 10b5-1 plan. On the same day, Whittington also made other transactions, including buying 126,217 shares and selling 27,194 shares at $39.99 each. Additionally, Katherine Vanderjagt, VP and Chief HR Officer, acquired 15,162 shares on June 22, 2026.
Analysts Set New Price Targets
On November 19, 2025, Sidoti & Co. upgraded La-Z-Boy to a 'buy' rating with a price target of $39.00. Earlier, on April 25, 2025, Keybanc also upgraded the stock to a 'buy' with a target of $46.00. The consensus among analysts is a 'buy' rating with an average target price of $44.50, based on two analyst opinions.
About La-Z-Boy Incorporated
La-Z-Boy Incorporated, based in Monroe, Michigan, is a leading manufacturer and retailer of upholstery furniture. It operates through two segments: Wholesale and Retail. The Wholesale segment produces and imports a variety of upholstered furniture, while the Retail segment sells these products directly to consumers through its network of stores. La-Z-Boy also operates the Joybird brand, offering furniture primarily online. The company employs around 10,600 people and is led by CEO Mr. Taylor E. Luebke.
Bottom Line
Melinda Whittington's recent purchase of La-Z-Boy shares suggests confidence in the company's future. Investors track insider transactions as they can provide insight into management's view of the company's prospects. It's important to remember that this information is based on filings and may not reflect the current position.
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